Does Anybody Care About Earnings Season?

Investors don’t seem to be losing much sleep over the unfolding of yet another lackluster earnings season. Steven Russolillo has details on MoneyBeat. Photo: Facebook.

This transcript has been automatically generated and may not be 100% accurate.

... ay ay mm mm ... Jones Industrial Average getting off to a slow start will you read start your Monday morning ... after Friday another rally into debt of thirty five ... was down a little more than sixty earlier the Nasdaq down also all the major indexes ... are starting off the week in the red not so ... severely in the red investors don't seem to be losing much sleep over earnings season which continues on and talk about it here on the market MoneyBeat show ... I'm Paul vignette to him but Steve Russolillo ... euro to earnings for your money your morning MoneyBeat yes here on Monday morning email goes out ... next ... to the head to head match for the president get my sewing net earnings ... there are not particularly strong sectors of the market doesn't seem to care ... was going up market share though it's often driven right now that's really the big takeaway is that gets this earnings season has been lackluster but ... really if you just look at how the markets react people don't really care that's the five hundred was up five percent last month that some twenty percent for the year above seventeen hundred are now trade around record territory ... saying makes you wonder why is the market doing so well ... and earnings really aren't and so I'm basically that the takeaway is that ... is the Fed driven rally rate now it has been for quite some time and will continue to be an ... insulin is a ... good profit growth in second-quarter odd and end up less than five forgets about foreigner half percent or so the revenue growth doesn't look good idea ... on basically flat with a quarter ago ... you look at a quarter over quarter on quarter to the trajectory is deftly slow ... the other chains in the you bring up though is that even companies that myths are not being so severely punished exactly guess Missouri wrote about my comes as we look that companies that had five percent swing either up or down after their earnings from Winston so ... if the company did well had a five percent move up ... that about for the fourteen percent of these that have reported ... that stocks that have moved more than five percent upside that's roughly in line with previous the ... average is that we've seen over the past four years nothing new there ... but on the other side ... investors are not punishing companies that are doing not doing so well on the earnings front so the numbers about nine percent of companies overall ... I have seen their stock prices drop by more than five percent after earnings report ... that nine percent number is the lowest number since two thousand I it's amazing to take away from that is ... in difficulty doesn't do so great the market is saying this one is cutting getting a pass for now to saying and you know ... it's ok for now the thing and then NFF so this is a great quarter to take it is a great way to get excited and that that's the big simply because it you are to have sort of like the kitchen sink were just a bad quarter whatever ... your stock may not be hurt as much and so we look to some of the covers of the remains ... at sea where some of earlier three names that have done very well ... Facebook is one of them obviously the size of had a really geeky looking at ... the chart that that that the lovely straight up ... that was after hearing stock was up thirty percent ... back to the IPO price on Friday it finally closed over and was a four hundred and forty days later were forty days later tests ... and so the good news quite a long time to come back to break-even so yeah for four days of Facebook ... so then is that we look that way guilt and Under Armour of both of them at the same said the similar stories are the reason very well ... and investors rewarded those and so ... the the the examples of companies that don't well and Cyprus the big moves the upside ... so ... you know it's been a it's it's been one of those times that people go on to this earnings season you know it's been sort of mixed but it's all good but people are not solely a reading of the local earnings season is as old as the seller has gone on this week ... still a big names over a ballot to third a little more than two-thirds of the leads on with earnings season so we have in of this week is can be said of the rest of the big names that are to come ... green Mountain is one that's reporting after the vine before Cervantes has a momentum stock yet Tesla reports this week as well as SolarCity one ... on the Comcast nominal outlining a lot